scorecardresearch
Clear all
Search

COMPANIES

No Data Found

NEWS

No Data Found
Sign in Subscribe
India should be able to end coal imports by 2017: Piyush Goyal

India should be able to end coal imports by 2017: Piyush Goyal

"By 2017, India need not import coal, except for a few power plants on the coast where it is difficult to transport fuel," the power and coal minister said at an energy conference.

India has the third largest coal reserves in the world. (Photo: Reuters) India has the third largest coal reserves in the world. (Photo: Reuters)

India should be able to end coal import by 2017, thereby saving precious foreign exchange, Power and Coal Minister Piyush Goyal said on Monday.

"By 2017, India need not import coal, except for a few power plants on the coast where it is difficult to transport fuel," Goyal said at an energy conference organised by international accounting firm KPMG.

"It will be the end of the era of shortages," he added.

Noting that India imported 215 million tonnes of coal last year, the minister said it was the "band-aid" kind of approach to energy problems in the past that led to this situation despite the country having the third largest coal reserves in the world.

 

Published on: Nov 16, 2015, 3:05 PM IST
×
Advertisement